【See Decline】
RAY is currently quoted at 1.393; over the past 24 hours it has fallen 9.02%. Over the past 7 days it is still down 13.30%, with an intraday range of 1.360–1.595.
RAY has fallen 9.02% in the past 24 hours. After rebounding to around 1.595, it was pushed back down again—the supply/lock-in orders above are dense.
The support at 1.360 hasn’t been truly tested with real price action, so confidence is low.
In the short term, the outlook is bearish.
【Reasons for Bearishness】
Against the backdrop of a 13.30% weekly decline over 7 days, a single day of a small positive candle can only be treated as a weak rebound.
For the short term, first watch whether 1.360 can hold. If it breaks, don’t catch the falling knife.
$RAY #RAY
RAY is currently quoted at 1.393; over the past 24 hours it has fallen 9.02%. Over the past 7 days it is still down 13.30%, with an intraday range of 1.360–1.595.
RAY has fallen 9.02% in the past 24 hours. After rebounding to around 1.595, it was pushed back down again—the supply/lock-in orders above are dense.
The support at 1.360 hasn’t been truly tested with real price action, so confidence is low.
In the short term, the outlook is bearish.
【Reasons for Bearishness】
Against the backdrop of a 13.30% weekly decline over 7 days, a single day of a small positive candle can only be treated as a weak rebound.
For the short term, first watch whether 1.360 can hold. If it breaks, don’t catch the falling knife.
$RAY #RAY
